| Business Segment Information |
Note 6 Business Segment Information Following is a summary of certain key financial measures for the Company’s business segments for the periods ended April 30, 2022 and May 1, 2021: | | | | | | | | | | | | | | | Famous | | Brand | | Eliminations | | | | ($ thousands) | | Footwear | | Portfolio | | and Other | | Total | Thirteen Weeks Ended April 30, 2022 | | | | | | | | | | | | | Net sales | | $ | 384,502 | | $ | 365,740 | | $ | (15,126) | | $ | 735,116 | Intersegment sales (1) | | | — | | | 15,126 | | | — | | | 15,126 | Operating earnings (loss) | | | 49,688 | | | 41,349 | | | (24,842) | | | 66,195 | Segment assets | | | 790,778 | | | 987,397 | | | 150,123 | | | 1,928,298 | | | | | | | | | | | | | | Thirteen Weeks Ended May 1, 2021 | | | | | | | | | | | | | Net sales | | $ | 398,104 | | $ | 250,305 | | $ | (9,773) | | $ | 638,636 | Intersegment sales (1) | | | — | | | 9,773 | | | — | | | 9,773 | Operating earnings (loss) | | | 47,873 | | | (2,821) | | | (27,182) | | | 17,870 | Segment assets | | | 758,823 | | | 794,430 | | | 249,570 | | | 1,802,823 | | | | | | | | | | | | | |
| (1) | Included in net sales in the Brand Portfolio segment and eliminated in the Eliminations and Other category. |
The Eliminations and Other category includes corporate assets, administrative expenses and other costs and recoveries, which are not allocated to the operating segments, as well as the elimination of intersegment sales and profit. Following is a reconciliation of operating earnings to earnings before income taxes: | | | | | | | | | Thirteen Weeks Ended | ($ thousands) | | April 30, 2022 | | May 1, 2021 | Operating earnings | | $ | 66,195 | | $ | 17,870 | Interest expense, net | | | (2,299) | | | (11,792) | Other income, net | | | 3,422 | | | 3,828 | Earnings before income taxes | | $ | 67,318 | | $ | 9,906 |
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